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How to buy Chia (XCH) in Australia

Learn how to buy Chia (XCH) on 6+ crypto exchanges in our step-by-step guide.

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Chia (XCH) is the 226th largest cryptocurrency by market cap, valued at US$318,625,040.

Chia is a highly volatile asset capable of major price swings in a single day. Today XCH is trading for $30.96 USD, which is higher than yesterday's trading price of $30.39 USD. Over the past year, Chia's price has seen a decrease of -25%.

So before you buy Chia, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Chia.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Chia in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Chia is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Chia
    You can now exchange your funds for Chia. On beginner-friendly exchanges, this is as simple as entering the AUD or XCH amount you want to purchase and clicking "buy".
  5. Secure your Chia
    Consider transferring your XCH to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Chia in Australia

Find an exchange to buy, sell and trade XCH by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 7
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut

52

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Gate.io
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

60

1944

Invite friends and earn up to 40% commission. T&Cs apply.

Capital at risk

View details
CEX.IO
Bank transfer, Credit card, Cryptocurrency, Debit card, Epay, Skrill, Apple Pay, Google Pay, SWIFT

3

203

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Chia guide up-to-date

  • XCH price data is regularly updated through data feeds so you always have the latest information.

What is Chia?

Chia is a cryptocurrency that aims to be a green, eco-friendly alternative to Bitcoin. It was created by Bram Cohen, who invented the file-sharing platform BitTorrent and was launched in May 2021. According to Chia's website, it offers a more accessible way for individuals to mine or “farm” Chia than Bitcoin because anyone with extra space on their mobile phone, laptop or corporate network can farm Chia. On the other hand, mining Bitcoin requires access to electricity at wholesale prices, which is not accessible to individuals. In China, for example, users can use Amazon Web Service to mine Chia coins in just five minutes. Chia is designed to be a payment instrument rather than an investment opportunity. It is envisaged that you can pay for a coffee in England using your app from Thailand in Chia. Chia says anyone can build a new wallet to transact Chia without Chia's permission or assistance.

How do I find the best places to buy Chia?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Chia?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Chia.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing XCH with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Chia?

Once you've created an account, you will need to deposit funds to buy XCH with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy XCH:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase XCH by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for XCH on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Chia?

The easiest way to buy XCH is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying XCH, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Chia has been performing recently.

Best Chia wallets to store your XCH

You can keep your XCH on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your XCH below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Chia a good investment?

Investing in cryptocurrencies like Chia can involve high risks as well as high rewards. Here are the key points to consider:
  • Energy use. The key selling point of Chia is that it is a more accessible, environmentally friendly alternative to mining Bitcoin. Unlike Bitcoin mining, which requires expensive single-use hardware and access to electricity at wholesale prices, according to Chia, anyone with a mobile phone, laptop or corporate network can use extra space to farm Chia. As a user, you can farm Chia on the unused storage of your laptop, desktop or corporate network and receive rewards in Chia in return.
  • e-Waste pollution. Because farming Chia relies on owning a large number of hard discs, there are concerns that it can lead to a shortage of hard drives and result in electronic waste as hard drives fail faster and more often. Some experts also say instead of switching to Chia, Bitcoin miners will treat Chia as an additional cryptocurrency to be mined.
  • Supply. According to the white paper, there is no hard maximum limit on the supply of Chia, but it will also not be issuing unanticipated coins to keep the total supply steady. Chia was launched with 21 million coins in the strategic reserve and its supply will double over the next 21 years via farming.

Today's Chia price versus ATH

Compare today's price of Chia ($30.96 USD) against its all-time-high price of $1645.12 USD on 15 May 2021. The closer the bar is to 100%, the closer XCH is to reaching its ATH again.

Chia's price: $30.96 USD
ATH date: May 15, 2021
1.88%

Chia ATH: $1645.12 USD


How to trade, convert or sell Chia

You can convert or sell your XCH with the same exchange you bought it through:
  1. Sign in to the exchange you have XCH on.
  2. If you store your Chia in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of XCH you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Chia.
  6. Complete your transaction and move your XCH to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Chia, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XCH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Chia or any other cryptocurrency discussed.

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